Jane Street more than doubles its reported Nvidia shareholding
The trading firm’s filing showed 23.8 million Nvidia shares worth about $5.44 billion at the end of September, but does not establish its current position.
In this article
Jane Street held 23.8 million Nvidia shares worth about $5.44 billion at 30 September, more than twice the 11.8 million shares worth $2.4 billion it held at the end of the previous quarter; the snapshot is not necessarily a bet that Nvidia shares would rise. The September valuation used a share price of $228.38.
The figures come from a quarterly securities disclosure known as a 13F, released on 12 November and reviewed by Fortune. Nvidia was Jane Street’s second-largest disclosed holding, behind SPDR S&P 500 ETF Trust.
What the filing leaves out
Jane Street is a quantitative trading firm and market maker, a business that trades securities and helps buyers and sellers transact. The filing does not show when Jane Street bought the shares, what it holds now or what it gained or lost.
The disclosure also leaves out short positions, which can benefit from a falling share price. Nvidia shares subsequently fell nearly 13% over the five days through Thursday, but that decline does not establish a loss for Jane Street or reveal its overall exposure.
The filing also lists puts and calls, options that give holders rights to sell or buy shares, with reported values reflecting the underlying shares rather than the market value of the options. Those figures can exceed the sums actually invested and reveal little about exposure after offsetting trades.
Jane Street did not immediately respond to Fortune’s request for comment.
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